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Garlock Sealing Technologies Receives Favorable Decision in Asbestos Claims Resolution Process

Resource from:  BUSINESS WIRE Likes:181
Dec 08,2014
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 5, 2014-- EnPro Industries, Inc. (NYSE:NPO) announced that Garlock Sealing Technologies yesterday received a favorable decision from the Bankruptcy Court for the Western District of NC in its continuing asbestos claims resolution process. The ruling, by Judge George Hodges, denied a motion filed by the asbestos claimants' committee to re-open the record from the 2013 estimation trial in light of alleged misconduct by GST and newly discovered evidence. The judge found that there was no misconduct and that the purported new evidence was either not new or immaterial. Steve Macadam, EnPro's president and chief executive officer stated that, "We are gratified once again by the judge's ruling and pleased with his ability to cut through the rhetoric and PR promulgated by the plaintiffs' bar in a desperate effort to change the discussion away from what has become appropriate national attention on the misconduct that GST uncovered in the case. I want to thank the GST legal team for their tireless efforts and I look forward to their being able now to fully focus on advancing the case toward plan confirmation." About EnPro Industries EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the company’s website at http://www.enproindustries.com.
(BUSINESS WIRE)
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